JODI Challenges and opportunities - Oil and Gas Data

© OECD/IEA 2015

JODI How JODI data are collected and processed Key features that differentiate JODI

Duncan Millard Chief Statistician International Energy Agency

© OECD/IEA 2015

How JODI Works

JODI World Databases

© OECD/IEA 2015

At a national level

Company/Industry level Collection of data from different production units Submission of data to central administration

Administration level Evaluate validity of submitted data Add other data (e.g. administrative data) Estimate missing/incomplete information Aggregate at a national level Submit to international organization

Interaction between industry and national administrations

© OECD/IEA 2015

At an organization level

Interaction with administrations Provide support for technical and methodological issues Encourage complete submissions Encourage revisions when data become final Training and capacity building

Ensuring the validity of the data Continuous checking of data: balance, outliers etc. Comparison with external data when available Internal consistency checks for complete submissions Problems detected are discussed with administrations

© OECD/IEA 2015

Key features of the JODI Extensive coverage JODI Oil

100+ countries Around 90% of global supply

and demand

Official data Data published is as submitted (after data quality exchanges)

No estimation for missing information (at organizational level)

Centralized/harmonized dissemination Published time table of updates Beyond 20/20 and CSV format

JODI are short-term data

JODI Gas Max. 77 countries Around 90 % of global supply

and demand

© OECD/IEA 2015

Challenges

Timeliness and Sustainability

Completeness and Confidentiality

Timeliness vs. Data Quality vs. Completeness

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Timeliness Challenging M-1 deadline 25th of the month following reference month Multiple departments/agencies involved in collection Time needed for checking and processing

0

20

40

60

80

100

Jan-

13

Feb-

13

Mar

-13

Apr-

13

May

-13

Jun-

13

Jul-1

3

Aug-

13

Sep-

13

Oct

-13

Nov

-13

Dec-

13

Jan-

14

Feb-

14

Mar

-14

Apr-

14

May

-14

Jun-

14

Jul-1

4

Aug-

14

Sep-

14

Oct

-14

Nov

-14

Dec-

14

Jan-

15

Feb-

15

Num

ber o

f cou

ntrie

s

JODI World Database

M-1 submissions JODI Oil

Difficult for all countries to meet the monthly deadline

0

20

40

60

80

100

Jan-

13

Feb-

13

Mar

-13

Apr-

13

May

-13

Jun-

13

Jul-1

3

Aug-

13

Sep-

13

Oct

-13

Nov

-13

Dec-

13

Jan-

14

Feb-

14

Mar

-14

Apr-

14

May

-14

Jun-

14

Jul-1

4

Aug-

14

Sep-

14

Oct

-14

Nov

-14

Dec-

14

Jan-

15

Feb-

15

M-1 submissions JODI Gas

© OECD/IEA 2015

82 75 80 82 84

0

20

40

60

80

100

120

Jul - Dec 2012 Jan - Jun 2013 Jul - Dec 2013 Jan - Jun 2014 Jul - Dec 2014

Num

ber o

f Cou

ntrie

s

JODI Oil Sustainability

n.a.

Sustainability To be of most use JODI needs regular

monthly reporting Some countries miss certain months Some countries submit later (quarterly or annually)

Missing months Quarterly/Annual submissions

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Completeness and Confidentiality Availability of monthly data in countries Submission of revisions with more complete data Issues of confidentiality

Legislative issues/authorisation Perceived as commercially sensitive information

Availability and Confidentiality

65 62 66 65 63

0

20

40

60

80

100

120

Jul - Dec 2012 Jan - Jun 2013 Jul - Dec 2013 Jan - Jun 2014 Jul - Dec 2014

Num

ber o

f Cou

ntrie

s

JODI Oil Completeness

n.a.

© OECD/IEA 2015

Timeliness vs. Quality vs. Completeness

JODI data are short-term data

Availability and quality of early data

Revisions to first released information

Consistent methodology help make data useful

Trends and levels

Balance Timeliness, Quality and Completeness

© OECD/IEA 2015

Data Characteristics

JODI o Short term preliminary

data

o Monthly M-1

o Key data Supply Side

o Seasonality analysis

Annual data

o Final annual data

o Annual Y-2

o Supply and Demand

o Higher level of detail

JODI Early key data for over 90 countries Provide basis for early analysis of markets Sum of 12 months not comparable to annual data

© OECD/IEA 2015

Increased interaction of JODI users and data producers

Users Share knowledge – Use JODI Forum

On data issues and market analysis With other users and JODI partners

Increase understanding of data issues Help identify potential areas of development

Data providers/administrations/organizations Awareness/understanding of how data are used Visibility of output and its impact on analysis Access to Forum, etc.

Mutually beneficial

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Thank you